Laserfiche WebLink
SCHEDULE 3-DISTRIBUTED ENERGY RESOURCES INTERCONNECTION PROCESS <br /> aggregated payments shall be paid to the Area EPS Operator within twenty (20) <br /> Business Days. If the balance between the actual cost and previously aggregated <br /> payments is a credit, the Area EPS Operator shall refund the Interconnection <br /> Customer within twenty (20) Business Days. <br /> 11.4.4 Final Interconnection Costs without Facilities and Upgrades Needed <br /> Within thirty(30) Business Days the final invoice for the interconnection costs <br /> shall be rendered to the Interconnection Customer once the proposed DER <br /> system has been commissioned by the Area EPS Operator, or upon the <br /> commissioning being waived by the Area EPS Operator.The Interconnection <br /> Customer shall make payment to the Area EPS Operator within twenty-one (21) <br /> Business Days of receipt, or as otherwise stated in the Uniform Contract or <br /> MMIA. <br /> 11.5. Security of Payment <br /> At the option of the Area EPS Operator, either the "Traditional Security" or the <br /> "Modified Security" method shall be used for assurance of payment of interconnection <br /> cost. <br /> Under the Traditional Security method, the Interconnection Customer shall provide <br /> reasonable, adequate assurances of credit, including a letter of credit or personal <br /> guaranty of payment and performance from a creditworthy entity acceptable under the <br /> Area EPS Operator credit policy. The letter of credit shall also include procedures for the <br /> unpaid balance of the estimated amount shown in the Interconnection Agreement for <br /> the totality of all anticipated work or expense incurred by the Area EPS Operator <br /> associated with the Interconnection Application. The payment for these estimated costs <br /> shall be as follows: <br /> • One-third of estimated costs, shall be due no later than when the Interconnection <br /> Customer signs the Interconnection Agreement. <br /> • An additional one-third of estimated costs, shall be due prior to initial energization <br /> of the DER with the Area EPS Operator. <br /> • After the project completion, the remainder of actual costs, incurred by Area EPS <br /> Operator, shall be due within thirty (30) Business Days from the date the invoice is <br /> mailed. <br /> Under the Modified Security method, at least twenty(20) Business Days prior to the <br /> commencement of the design, procurement, installation, or construction of a discrete <br /> 15 <br /> 217 <br />